NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The lubricant additives market is expected to increase by USD 2.40 billion from 2020 to 2025, registering a CAGR of  2.96%, according to the latest research report from Technavio. 55% of the market's growth will originate from APAC  & China and India are the key markets for the lubricant additives market in the region. APAC will record a fast growth rate owing to which the region should offer several growth opportunities to market vendors.

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The lubricant additives market covers the following areas:

• Lubricant Additives Market Sizing
• Lubricant Additives Market Forecast
• Lubricant Additives Market Analysis

The report on the lubricant additives market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The key drivers such as the increasing need for reliable machinery and effective maintenance will offer immense growth opportunities. However, challenges such as the environmental impact of lubricants will impede market growth. 

Technavio analyzes the lubricant additives market by End-user (Automotive, Metalworking fluids, Industrial engine oil, and Others) and Geography (APAC, Europe, North America, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The lubricant additives market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Companies Mentioned

The lubricant additives market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The vendors include -

• Afton Group
• BASF SE
• BRB International BV
• Chevron Corp.
• Croda International Plc
• Evonik Industries AG
• Italmatch Chemicals Spa
• LANXESS AG
• Lonza Group Ltd.
• The Lubrizol Corp.

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio